Vow Green Metals AS ( (DE:9G5) ) has issued an announcement.
Vow Green Metals has secured a NOK 15 million short-term loan with DNB ASA and extended a NOK 5 million revolving credit facility with Sparebank 1 Sør-Norge ASA to ensure liquidity and explore strategic long-term funding. This financing, guaranteed by the company’s major shareholders, underscores Vow Green Metals’ commitment to sustaining its operations and advancing its market position in the growing biocarbon industry.
More about Vow Green Metals AS
Vow Green Metals is a leading producer in the biocarbon industry, focusing on creating carbon-neutral products that facilitate the green transition in challenging industrial sectors. The company utilizes advanced pyrolysis technology to transform biomass and biomass waste into biocarbon, bio-oil, and bioenergy. Their strategic operations are bolstered by their largest shareholder and technology partner, Vow ASA, enabling them to maintain a competitive edge through proprietary technology.
YTD Price Performance: 91.30%
Average Trading Volume: 14,506
Technical Sentiment Consensus Rating: Hold
For an in-depth examination of 9G5 stock, go to TipRanks’ Stock Analysis page.